Oct 01 - 07, 2001
Trade Enquiry received on 12th September 2001 from abroad
Benckiser announces worldwide interim results.
grew by 9% (7% at constant exchange) to £879m in Q2, and by 9% (6%
constant) to £1,696m in H1. For continuing operations (excluding
acquisitions and disposals) net revenue growth was 8% (6% constant) in
Q2 and 10% (7% constant) in H1.
profit increased by 15% to £134m in Q2 and by 14% to £232m in H1.
Half year operating margins improved 60 basis points (bps) to 13.7%
behind a 40 bps gross margin improvement
•Normalized net income grew by 20% in Q2 to £85m and by 23% in H1
to £143m. Including gains on disposals, H1 net income grew 40% to
•Strong cash generation and further reduction in networking capital
of £75m resulted in a £110m reduction in net borrowings, before the
impact of acquisitions. Including the £131m cost of acquisitions, net
borrowings increased £21m to £616m (£595m)
at a glance
on these results, Bart Becht, Chief Executive Officer. said
Benckiser had a good Q2 and first half of 2001. By focusing on our
growth strategy, increasing our rate of innovation and investing
heavily behind our core brands we are gaining market share and
delivering consistent growth. At the same time, profit margins
continue to expand behind our cost optimization programs while cash
generation is improving.
increasing our financial targets for the full year based on the
strength of our results to date and planned programs for the balance
of this year despite market conditions becoming more challenging.
Specifically, we are now looking for net revenue growth from total
operations (including the effect of acquired and discontinued
businesses) of around 6% and for net income growth for total
operations of around 18%, both at constant exchange. We are
maintaining our net working capital reduction target of £50m.
Delivering these targets will make 2001 another good year for Reckitt
Benckiser, giving us confidence as we look forward to 2002 "
The Hub Power
Company Limited (HUBCO), recently joined hands with Al-Shifa, to make
another contribution for a noble cause, through donating much-needed
medicines to the people of Zhobe, Balochistan. Picture shows Paul
Chapman (L), Operations Director, HUBCO, and Mrs. Y. Rehman, President
Al-Shifa Trust, during the handing over of the medicines.
office-bearers of ISPAK
of Sat Net was elected as President of the Internet Service Providers
Association of Pakistan (ISPAK) for the term 2001 and 2002.
Nizami of SSUET Net and Shahid Farooq Alvi of Brain Net were chosen as
Vice Presidents South and North of the Association respectively.
Bhutta, former President of ISPAK was elected as General Secretary of
the Association for the term 2001-2002.
of Cyber Access was elected as Finance Secretary of the association.
Body Meeting (AGM) of the Association will shortly held to take charge
of their offices.
Finance a School in Daharki
Chemical Pakistan Ltd. has signed an agreement with The Citizen
Foundation (TCF) to develop a school in Daharki, District Ghotki with
the objective of providing quality education to the children of the
local community at their door step.
Engro, one of
the leading manufacturer of chemical fertilizers in Pakistan has over
the years set up a number of community welfare projects in the field
of health care, education and sports for the benefit of the less
school to be established at a cost of Rs.20 million, will be fully
funded by Engro. The school will be functional next year and will
admit students on merit up to class eight. By the year 2004, it will
accommodate 750 students up to class ten. The name of the School will
be "TCF School Engro Campus". Medium of instruction will be
Urdu/Sindhi and English.
will be professionally managed by TCF, an NGO promoting quality
education on a mass scale exclusively in rural and low-income urban
areas of Pakistan on a non profit basis. TCF has a mission to
establish 1000 schools in the next 10 years and has already achieved a
target of 100 schools.
Mr. Zaffar A.
Khan, President Engro Chemical Pakistan Ltd. and Mr. Ahsan Saleem,
Chairman Board of Directors, The Citizen Foundation are signing the
agreement to establish the "TCF School Engro Campus" at Daharki.
Control Society of Pakistan:
Stresses the Need for Hygiene
Control Society of Pakistan (ICSP) stressing on the need for hygiene,
emphasized on the use of the Dettol range of products. The entire
range of Dettol products is endorsed by ICSP as it offers high
quality, reliability and has a proven record of effective protection
a study conducted by the Hospital Infection Research Laboratory in
United Kingdom, Dettol Kills 99.999% of germs. It provides effective
protection from the germs (bacteria) that cause infection and helps in
healing the wounds and cuts faster by preventing infections.
Nawab, (President, ICSP), said, "In an Environment like Pakistan,
where everyday one is exposed to all sort of pollutants and germs, it
is essential to fight off all these germs which are responsible for
causing and spreading dangerous diseases. He further added, "Dettol
has proven to be a competent product for providing complete protection
against all types of germs, should be used regularly for washing
hands, bathing & disinfecting wounds to stay free from
CEO and Managing Director, Reckitt Benckiser, said, "Dettol has
been a fundamental part of household life and a trusted name for
decades, as it gives consumers complete freedom against germs. The
Infection Control Society of Pakistan has been doing a commendable job
in creating hygiene related awareness and fully endorses the entire
range of Dettol products as the most effective means of fighting
trusted name for the last 60 years, has been providing consumers with
superior protection against germs in the form of Dettol Liquid, Dettol
Original Soap, Dettol Fresh Soap, Dettol Plaster and Dettol Shaving
Benckiser (formerly known as Reckitt & Colman Pakistan Pvt Ltd.)
began operations in the late fifties in Pakistan. Today there are
three RB manufacturing units in the country providing quality
household and pharmaceutical products to a diversified consumer base.